Texla Housing Partners

What Texla Housing Partners does

Texla Housing Partners (THP) is a privately held, Lafayette, Louisiana-based real estate investment and management firm specializing in the acquisition, repositioning, and management of student housing and multifamily properties. Founded in 2009 by principals Roger Phillips (CEO) and Sandy Phillips (COO), who collectively bring 30+ and 35+ years of industry experience respectively, the firm traces its operating roots to the mid-1990s in conventional multifamily before transitioning exclusively to student housing around the turn of the century. The company operates a 13-asset property management portfolio (THP PM Group) valued at approximately $200MM across Texas, Florida, and New York, with active investments spanning roughly $250MM+ in assets under management across at least ten U.S. states.

The business operates primarily through joint venture structures with institutional capital partners. Its core platform has executed three sequential JV programs: a 2012 venture with Harrison Street Real Estate Capital and Vermilion Development (four assets, ~$120MM, fully disposed); a 2019 venture with Crow Holdings (four assets, ~$150M); and a 2022 venture with Prince Equity (two projects, ~$30M). In April 2024, the firm expanded its platform through Land Hounds, a joint venture with San Diego-based Keenan and Company focused on sourcing student housing development sites. The firm is currently extending into mixed-income and workforce housing via Sutton Flats, a 300-unit community with The NRP Group scheduled for grand opening in February 2026.

Revenue is generated through three primary streams: asset management and promote returns from JV investments, third-party property management fees via THP PM Group, and transaction fees from acquisitions and dispositions. Pricing on end-user units (e.g., Sutton Flats market-rate units) ranges from $1,132 to $1,540 per month, with half of Sutton Flats reserved for households earning up to 80% of Area Median Income. Distribution to institutional clients is relationship-driven and field-based, with no public-facing consumer marketing; end-user leasing is conducted at managed properties. The firm maintains offices in Lafayette and New Orleans, employs 11-50 people, and operates an investor portal through AppFolio for LP reporting.

Name

Texla Housing Partners

Legal name

Texla Housing Partners

Website

https://texlahousing.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Texla Housing Partners is a privately held Lafayette, Louisiana-based real estate firm that acquires, repositions, and manages student housing and multifamily properties through joint ventures with institutional capital partners, currently managing $250MM+ in assets across more than ten U.S. states.

Ownership category

akta.pro rank

Product category

Student Housing Real Estate Investment and Property Management

NAICS

Residential Property Managers (531311), Rental and Leasing Services (532), Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Multifamily & Student Housing Asset Management (BPAJAMAD)

akta.pro secondary industries

Student Housing Property Management & Leasing Operators (THAMAGAK), Multifamily (Apartment) Property Management (BPAJAGAD), Multifamily Brokerage (BPAJABAD)

Keywords

• Student housing investment
• Multifamily property management
• Real estate joint ventures
• Asset repositioning
• Mixed-income housing development

Headquarters

HQ city

La Fayette

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management and Joint Venture Returns: Operates through joint venture structures with institutional partners. Principals have been involved in acquisition and development of over $750MM+ in value. Currently manages assets exceeding $250MM+ in value through joint ventures and management affiliates.
2. Property Management Fees: THP PM Group manages a 13-asset portfolio in Texas, Florida and New York valued at approximately $200MM, generating management fee revenue.
3. Acquisition and Disposition: Value-add acquisition and repositioning of student housing and multifamily properties with subsequent disposition upon execution of business plans.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Texla Housing Partners acquires, repositions, and manages purpose-built student housing and select conventional multifamily properties on behalf of itself and institutional joint venture partners. The firm is currently developing and managing assets exceeding $250MM in value across nine U.S. states and operates a dedicated property management subsidiary, THP PM Group, providing full-service leasing, operations, accounting, and reporting across a 13-asset portfolio.

Product overview

Texla Housing Partners is a real estate investment and management firm that operates as a single unified offering focused on student housing and multifamily properties. The core service encompasses acquisition, repositioning, and management of student housing properties across universities nationwide, supplemented by conventional multifamily management. The company also operates Land Hounds (a land development site-sourcing venture launched in April 2024) and THP PM Group (property management services with comprehensive reporting). Joint venture partnerships with institutional investors like Crow Holdings and Harrison Street Real Estate Capital structure the investment approach. The portfolio includes 35+ properties spanning student housing at Texas A&M, University of Texas, LSU, Florida State, University of Kentucky, Ole Miss, Temple, Texas Tech, and conventional multifamily assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Student Housing Acquisition, Repositioning & Management Specialized acquisition, repositioning, and management of purpose-built student housing properties near universities in Texas, Louisiana, Florida, Arkansas, Kentucky, Mississippi, Illinois, New York, and California for institutional joint venture partners.
• Conventional Multifamily Property Management Acquisition, repositioning, and management of conventional multifamily residential properties complementing the firm's student housing portfolio across multiple U.S. states.
• THP PM Group Property Management Full-service property management providing corporate personnel, site-level staff, accounting, and comprehensive reporting including Balance Sheet, Income Statement, Cash Flow, AP/AR, Trial Balance, Rent Roll, and property-level reports across a 13-asset portfolio in Texas, Florida, and New York valued at approximately $200MM.
• Land Hounds Student Housing Site Sourcing Joint venture with Keenan and Company providing acquisition & development consulting, buyer & seller representation, and research and competitive analysis services for prospective student housing development sites. Kevin Keenan and Caleb Cooper lead site acquisitions, financial feasibility, due diligence, and zoning & entitlements.
• Joint Venture Investment Structures Equity partnership structures with institutional investors including Harrison Street Real Estate Capital, Crow Holdings, Prince Equity, and Keenan and Company for property acquisition, development, repositioning, and management. Institutional partners commit equity into joint ventures with Texla serving as operating sponsor.

Quantifiable outcome

• Successful execution of business plans resulting in profitable asset dispositions - four assets acquired with Harrison Street partners (2013-2016) totaling ~$120MM have all been sold
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• Keenan and CompanycoreStrategic or Co-development PartnerIn April 2024, launched Land Hounds venture with San Diego-based Keenan and Company, solely focused on sourcing prospective development sites for student housing. Kevin Keenan leads this venture with expertise in site acquisitions, financial feasibility, due diligence, and zoning & entitlements.
• The NRP GroupminorStrategic or Co-development PartnerAnnounced partnership with The NRP Group for Sutton Flats, a 300-unit mixed-income community in Sherman, Texas. Texoma Housing Partners (affiliated entity) announced the grand opening in February 2026.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Greystar Real Estate Partners: The largest student housing and multifamily operator/manager in the US. While significantly larger and more diversified, Greystar is the dominant institutional alternative that Texla competes with for JV capital and student housing management mandates.

Direct peers

• Asset Campus Housing: National student housing management and acquisition firm operating on a similar JV-driven, vertically-integrated model. Directly comparable in terms of acquiring, repositioning, and managing student housing for institutional partners.
• Scion Group: Student housing management and consulting firm servicing institutional owners and universities. Operates a similar asset-light student housing focus with comparable institutional clientele, though Texla adds acquisition and repositioning capabilities.
• Landmark Properties: Student housing developer and manager with national footprint. Operates a similar development/JV model serving flagship universities and is a primary competitor for off-campus student housing deals and institutional capital.
• Campus Advantage: Student housing management services company with a comparable focus on serving institutional investors and university communities; directly competes for third-party management contracts near Texla's footprint.
• The Annex Group: Boutique student and affordable housing developer/manager with similar size and JV-driven model. Provides strong size-and-style comparability to Texla, particularly given their overlap into workforce/affordable housing segments.
• PeakMade Real Estate: Student and multifamily housing management firm serving institutional owners. Closely comparable in vertical scope (acquisition, management) and in target customer base (institutional capital partners).

Others

• Harrison Street Real Estate Capital: Texla's primary institutional JV capital partner. While not a direct operational competitor, Harrison Street is the dominant alt-investor in student housing and a key reference point for understanding Texla's deal dynamics.
• Crow Holdings: Dallas-based real estate investment firm and active JV partner with Texla since 2019. Comparable in multifamily and student housing investing focus, though larger and broader in product scope.

Regional players

• Bozzuto Group: Multifamily property management and development firm with comparable management services orientation to Texla's THP PM Group. Comparable in conventional multifamily execution though more weighted to East Coast and luxury segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/texlahousing
• LinkedInlinkedin.com/company/texlahousing
• Xx.com/thpllc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Texla Housing Partners